Gold price clings to all-time highs and awaits US Inflation data for further action. The US CPI data will indicate whether the Fed gets confident that price stability is ensured. The US NFP report keeps hopes of a Fed rate cut in June alive.Gold price (XAU/USD) rally hit a pause …
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The US jobs data released on Friday revealed an improvement in the performance of the US economy in general during February, as labor market forces began to weaken with a decline in wage growth, which supports bets on interest rate cut by the Federal Reserve by June or even May …
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WTI crude oil prices continued their consolidative trend in the commodities market, hovering around $80.00 per barrel, amid anticipation of a rate cut by the Federal Reserve and higher crude oil imports by China in January and February.Gold prices continued to rise, surpassing $2,160 per ounce to reach an all-time …
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Powell has indicated that interest rate cuts may not be too far off if inflation signals cooperate. Powell did not provide a precise timetable of when easing could happen, but noted that the day could be coming soon. Powell said the cuts would be so the Fed doesn’t drive the …
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Federal Reserve Chairman Jerome Powell continues, on Thursday, his two-day testimony before the Senate Banking Committee. Powell stressed that quantitative easing will begin in 2024. He noted that removing restrictive stance of policy will begin over the course of this year.Key Quotes: “If the economy does as expected, we think …
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More softening of the US employment market supported the growing likelihood of a rate decrease by the Fed in June, which further undermined the value of the dollar. Meanwhile, gold reached all-time-high, around $2,150 per ounce, as a result of more gains, and the EUR/USD pair broke above 1.0900 during …
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The S&P 500 rose on Wednesday after losing consecutive sessions on Wall Street. The broad index added 0.4%, while the Nasdaq Composite climbed 0.6%. The Dow Jones Industrial Average traded near its flatline, weighed down by a drop of over 2% in Disney. Investors attempted to push the market higher …
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The US Dollar Index (DXY) is experiencing losses following the soft print for January’s JOLTs Job Quits and Job Openings as well as the weak ADP Employment Change report for February. The Dollar Index (DXY) is 0.45% down, trading at 103.313 at the time of writing.Federal Reserve Chair Jerome Powell …
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US Federal Reserve Chair Jerome Powell has assured the members of Congress that upcoming decisions on when and how fast to cut interest rates will be based solely on economic data. Powell stated that rate cuts “really will depend on the path of the economy. Powell stressed that Fed’s focus …
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On Wednesday, gold prices experienced a slight decline but remained above the $2,100 per ounce mark, following a surge driven by increased expectations of a US interest rate cut in June, which pushed the precious metal to a record high in the previous session ahead of Federal Reserve Chairman Jerome …
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